Payment Processing Blog

If you wish to collect customer payments by direct debit, there are many pitfalls to getting started and many operational issues to be wary of once up and running.

Pursuing an in-house direct debit solution requires you to get sponsorship from the bank which is a costly and often lengthy application process.  As part of the application process, you'll need to submit detailed business plans and have good solid past trading evidence to back this up.  In addition to this you may be required to lodge a bond with the bank as security.  If you're a relatively new organisation you are very unlikely to be approved at all.

Then, once approved, you'll need to purchase the systems and software to manage your collections together with displaying evidence of strong security measures across your IT infrastructure and physical security of your buildings.  Thre is an increasingly stringent demand on security in the running of a direct debit scheme.

If you have the wherewithall to do it, then it's worth it, but there a much easier way that allows you to keep control whilst outsourcing the direct debit processing mechanism via a company such as the Eazy Collect BACS Approved Bureau.

In doing so, you get to use secure, approved equipment, software and processes to handle your customer payments whilst retaining full control of the data and reporting required by your organisation.

Eazy Collect can even save you the trouble of having to get your own Service User Number (SUN).  Either choos to use ours or we'll help you through the application process.

For further information:

Eazy Collect Services Ltd.
http://www.eazycollect.co.uk

BACS Payment Schemes Ltd.
http://www.bacs.co.uk